Mincon Group (DUB:MIO) Days Payable : 41.43 (As of Jun. 2024)

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What is Mincon Group Days Payable?

Mincon Group's average Accounts Payable for the six months ended in Jun. 2024 was €11.5 Mil. Mincon Group's Cost of Goods Sold for the six months ended in Jun. 2024 was €50.7 Mil. Hence, Mincon Group's Days Payable for the six months ended in Jun. 2024 was 41.43.

The historical rank and industry rank for Mincon Group's Days Payable or its related term are showing as below:

DUB:MIO' s Days Payable Range Over the Past 10 Years
Min: 35.29 Med: 46.8 Max: 53.37
Current: 42.83

During the past 13 years, Mincon Group's highest Days Payable was 53.37. The lowest was 35.29. And the median was 46.80.

DUB:MIO's Days Payable is ranked worse than
75.59% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs DUB:MIO: 42.83

Mincon Group's Days Payable declined from Jun. 2023 (48.38) to Jun. 2024 (41.43). It may suggest that Mincon Group accelerated paying its suppliers.

Mincon Group Days Payable Historical Data

The historical data trend for Mincon Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mincon Group Days Payable Chart

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.52

46.20

49.90

47.39

40.83

Mincon Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															54.78	53.05	48.38	40.75	41.43

Competitive Comparison of Mincon Group's Days Payable

For the Tools & Accessories subindustry, Mincon Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mincon Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mincon Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Mincon Group's Days Payable falls into.

Mincon Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mincon Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14.42	+	10.505)	/	2 )	/	111.408	*	365
=	12.4625					/	111.408	*	365
=	40.83

Mincon Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (10.505	+	12.493)	/	2 )	/	50.655	*	365 / 2
=	11.499					/	50.655	*	365 / 2
=	41.43

Mincon Group Days Payable Related Terms

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Mincon Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mincon Group PLC (DUB:MIO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MCON:UK MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. MAjority of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Americas has a presence in Europe, Middle East, Africa, Ireland and Australasia.